GBP/USD Exchange Rate Today, Forecast & News

GBP/USD
British Pound - US Dollar
Open
1.25327-0.00041 (-0.03%)
As of: May 03, 2024 14:25 UTC
Open
1.25368
High
1.25693
Low
1.24465

Stats

Prev. Close

1.25368

Open

1.25368

Day's Range

1.24465 - 1.25693

52 Week Range

1.20374 - 1.31457

YTD Change

-1.55%

1 Year Change

0.45%

Economic CalendarAll Events

Time zone: GMT

Friday, May 3rd 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Participation RateApr	Medium	62.7%	62.7%	62.7%
13:45	USD	S&P Global Services PMI FinalApr	Medium	51.3	50.9	51.7
13:45	USD	S&P Global Composite PMI FinalApr	Medium	51.3	50.9	52.1
14:00	USD	ISM Services PMIApr	High	49.4	52.0	51.4
23:45	USD	Fed Goolsbee Speech	Medium
23:45	USD	Fed Williams Speech	Medium

Saturday, May 4th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
13:20	USD	Fed Cook Speech	Medium

GBP/USD

The British Pound is also referred to as Sterling, with the GBP/USD pairing is referred to as Cable. Alongside with the U.S Dollar, Japanese Yen, and EUR, the Pound is the 3rd most held reserve currency. The Pound is also the 4th most traded currency in the FX markets. Average trading volumes sit at about USD330bn. Cable is the 3rd most liquid currency pairing, accounting for 11% of total transactions in the FX markets. Geopolitics and macroeconomics are key drivers for the pairing.

	United States		United Kingdom
Interest Rate	5.5% Apr 24		5.25% Mar 24
Inflation Rate	3.5% Mar 24		3.2% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaNegative	AA+Stable	Aa3Stable	AAStable